Aug 6, 2012
And the update comes as expected: RUSSIAN INTERIOR MINISTRY DENIES ISSUING ANY STATEMENT ON ASSAD’S HEALTH VIA TWITTER: REUTERS
Moments ago, the apparently fake twitter account of the Russian minister of the interior Vladimir Kolokoltsev (which was created days ago) sent out the three completely unconfirmed and uncorroborated tweets stating that Syria’s president Assad “has been killed or injured” which the market, in all its ultra-high speed trading wisdom, took and ran with, not waiting for any actual confirmed news to be released (because obviously Russian official channels have never heard of news wires such as Interfax).
End result: WTI soaring by over $1 to just shy of $92, on what very well may be completely fake news, dragging the entire market higher with it.
And that, in a nutshell, is the “market”: fake news about imminent war has become an upside catalyst.
This article was posted: Monday, August 6, 2012 at 9:23 am